Ethanol extracted from sugarcane will be used for blending in petrol and will provide cane farmers remunerative price for their crop.Ethanol doping in petrol will also help the country cut its oil imports.

In a development which comes just a day before the Karnataka election results, the Modi government on Monday made Rajyavardhan Rathore the new Information and broadcasting minister and gave Piyush Goyal additional charge of the finance ministry.

"The Union Cabinet chaired by Prime Minister Narendra Modi has been apprised of the Memorandum of Understanding (MoU) on cooperation in Renewable Energy between India and Guyana," an official statement said.

"The Union Cabinet chaired by Prime Minister Narendra Modi has been apprised of the Memorandum of Understanding (MoU) on cooperation in Renewable Energy between India and Guyana," an official statement said.

Clarifying on its last week's filing to stock exchanges, Oil and Natural Gas Corp (ONGC) said the new policies it had cited for a possible delay pertained to local purchase preference policy, steel policy and GST policy.